Red Sea Oil Corporation (RSO) Message Board

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Gold/Mining/Energy : Red Sea Oil Corporation (RSO)

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To: Timelord who wrote (57)	12/31/1997 12:44:00 AM
From: Tomas	Read Replies (1) of 332

This time they are running an unusually long production test, it's even cash flow generating! They need 5 days per test X 5 zones = 25 days, and then a couple of extra days. Very encouraging. When they tested the dry well back in April it didn't even take half that time. The 5th "extra" level to be tested is Facha (Beda 1, Zelten 2, Facha 2), they expect a lot from the Facha reservoir. RSO didn't reach the basal sand reservoir below the Beda level this time, they need another rig for that. Some of the best oil fields in Libya have produced billions of barrels from this excellent reservoir during the last 35 years, even as close as 30 km from NC-177. The upside potential is really exciting.

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